Trader Says Dogecoin Competitor Headed to the ‘Gulag’ if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid
A widely followed crypto analyst is warning that one Dogecoin (DOGE) competitor may suddenly collapse in value. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 248,700 followers on the social media platform X that dogwifhat (WIF) needs to hold $0.78 as support or it may enter an enduring bearish phase. “WIF these levels need to hold here or its to the gulag for many of these shitcoins. Scary situation and many of these do have bearish market structures on the lower time frames.” Source: Altcoin Sherpa/X WIF is trading for $0.7791 at time of writing, flat on the day. Next up, the analyst shares a chart suggesting Bitcoin (BTC) is gearing up for a massive breakout toward a new all-time high of $124,000. “Everything is slow bleeding with BTC chopping. It’d be a shame…”. Source: Altcoin Sherpa/X He also says that he is remaining bullish on Bitcoin since the flagship crypto asset continues to exhibit market stren...